1) What sort of pay do you receive when you are paid for each item you produce? a) A salary b) A bonus payment c) Commission d) Piece rate 2) What type of pay do you get if you get a percentage of the cost of the item you sell? a) A salary b) A bonus payment c) Commission d) Piece rate 3) What type of pay do you get if you are paid an extra amount for reaching a target? a) A salary b) A bonus payment c) Commission d) Piece rate 4) Which of these is a voluntary deduction? a) Income tax b) National Insurance c) Pension 5) If you have a tax code of 350, how much can you earn before paying tax? a) £350 b) £3500 c) £35000 d) £350000 6) What is gross pay? a) What you earn b) What you earn minus deductions c) Net pay d) What you would like to earn 7) How is net pay calculated? a) Gross pay plus net pay b) Gross pay minus net pay c) Gross pay minus deductions d) Gross pay plus deductions 8) What does PAYE stand for? a) Please Assess Yearly Earnings b) Please Ask Your Employer c) Pay As You Earn d) Pay Annual Yearly Earnings 9) Superannuation is another name for what? a) Tax b) National Insurance c) Bonus d) Pension

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